Gulf markets are trading lower as retail investors book profits in shares that rallied in recent sessions, while Qatar's bourse extends its decline.
Dubai's measure slips 0.2 percent to 1,604 points, trimming year-to-date gains to 18.6 percent.
"Most fund managers have had a good year and are not willing to add risk in the last weeks," says a Dubai-based fund manager who asks not to be identified. "We are waiting for next year to start fresh and will shuffle positions after fourth-quarter earnings."
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